Yara Promotes Hydrogen Economy With New Ammonia Import Terminal [Yahoo! Finance]
Centrus Energy Corp. Class A (LEU)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Brunsbuttel, positioned on the North Sea and the Kiel Canal, is an ideal hub for enabling the country's hydrogen economy. Yara has the infrastructure in place to allow for the yearly import of up to 3 million tons of low-emission ammonia into Europe owing to the new terminal. Yara opened its new ammonia import terminal in Brunsbuttel in the presence of German and Norwegian officials. The terminal is part of Yara's plan to bolster its core nitrogen business while driving value-accretive growth in a low-carbon future. Yara Clean Ammonia is in a strong position to secure a low-emission ammonia supply to Germany at competitive costs. With its global ammonia leadership, Yara can help jumpstart the German hydrogen economy and lay the groundwork for a net zero future. Up to 3 million tons of low-CO2 ammonia can be imported via the new terminal in Brunsbuttel annually, corresponding to 530,000 tons of hydrogen, or around 5% of the overall European hydrogen target for 2030. Yara's new term
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